December 18, 2011 
In my ongoing series on GnuCash, this video shows you how to record cash payments received after you have billed a customer. (If you haven’t already done so, first watch the previous video showing how to record sales invoices.)
About Mark P. Holtzman
Chair of Accounting Department at Seton Hall University. PhD from The University of Texas at Austin. Worked at Deloitte's New York Office. BSBA from Hofstra University.4 Responses to “How to record payments collected in GnuCash”
Leave a Reply
The Accountinator
Mark P. Holtzman, PhD, CPA, Chair and Associate Professor of Accounting, Seton Hall University
Wall Street Journal Small Business
- An error has occurred; the feed is probably down. Try again later.
Hey — thanks for the outstanding introduction to gnucash! I was wondering, for receiving check payments, do you create a “to be deposited account” and then transfer the payments to that account to the actual bank account when you make a deposit? Also, do you create a report from gnucash to print the deposit slip — or manually fill the slip out? I was wondering if gnucash had a function or procedure similar to quickbooks, etc. for processing payments? Thanks! 😉
Hi Steve –
If you regularly accumulate checks before depositing them, its a good idea to create a “to be deposited account.” I found a nice explanation online here: http://linas.org/mirrors/www.aerospacesoftware.com/2003.06.21/GNU_Cash_for_Business_users_Howto_Guide.html
I don’t know of any Deposit Slip function in GnuCash.
Thanks for the very fast response 😉 I appreciate it. If I come up with any way to create a deposit slip custom report I’ll let you know. Have a good weekend, Steve
Thanks. I’ll be happy to spread the word.